Which airlines went bust in the last recession and what proportion of the market did they represent?
Scale that answer to today and then be very afraid.
The UK could lose 300 jets over the next 2 years. Easily.
I don't give a rats ass about a couple of percentage of load factor here there or anywhere. The only survival plan amongst UK airlines is to outlast their competitors. Then take their market share and restore margin.
This is a cash bleeding competition. Nothing else.
WWW